શુક્રવાર, 7 મે, 2021

what is claim Ratio in insurance ?


The claim serrlement ratio is an insure is the number of claims settled against the number of claims filed . the higher the ratio the better the insure . when choosing insure you must check the claim ratio

 all insurance company declared his claims ratio every year . you will check it and than buy insurance product . term plan . in term plan its most important factor of claim ratio . 



The insurance watchdog Insurance Regulatory and Development Authority (IRDAI) releases the claim settlement ratio of all life insurers every year. You should mandatorily check this data before deciding on the insurer.

The following table shows the claim settlement ratio of life insurers for the FY 2017-18.

Life Insurers

Number of Claims Filed

Claims Settled

Claim Settlement Ratio 2017-18

Max Life

10332

10152

98.26%

LIC of India

739082

724596

98.04%

Tata AIA Life

2850

2793

98.00%

ICICI Prudential Life

11459

11216

97.88%

HDFC Standard Life

12566

12289

97.80%

Bharti Axa Life

888

860

96.85%

Exide Life

3357

3250

96.81%

SBI Life

18885

18274

96.76%

DHFL Pramerica Life

592

572

96.62%

Aditya Birla Sun Life

5491

5292

96.38%

Aegon Life

554

530

95.67%

Edelweiss Tokio Life

189

180

95.24%

Canara HSBC OBC Life

837

797

95.22%

Reliance Nippon Life

8987

8553

95.17%

Aviva Life

1118

1056

94.45%

Kotak Mahindra Life

3074

2881

93.72%

Future Generali Life

1291

1202

93.11%

Star Union Daichi Life

1241

1145

92.26%

Bajaj Allianz Life

14315

13176

92.04%

IDBI Federal Life

1161

1068

91.99%

PNB Met Life

4089

3726

91.12%

India First Life

1810

1626

89.83%

Sahara Life

672

556

82.74%

Sriram Life

3146

2524

80.23%

raffrace site - https://cleartax.in/s/claim-settlement-ratio-life-insurers#what


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what is claim Ratio in insurance ?

The claim serrlement ratio is an insure is the number of claims settled against the number of claims filed . the higher the ratio the better...